KAMLOOPS – Federal Conservative candidate Cathy McLeod applauded the recent announcement that a re-elected Conservative government would extend and enhance the Mineral Exploration Tax Credit.
The Conservative government intends to extend the Mineral Exploration Tax Credit for three years to continue to support mining exploration and investment.
Further, the Prime Minister also announced an enhanced Mineral Exploration Tax Credit for northern and remote projects to help support potential mines that face higher costs because of their remote location and distance from transportation routes.
“During a challenging global economy, this incentive helps keep investment in the mining industry flowing,” state McLeod. “In fact, since 2006 the mineral exploration tax credit has assisted mining companies in raising over $5.5 billion for exploration.”
“With both Liberals and NDP voting against the Mineral Exploration Tax Credit, it certainly sets the Conservative government apart as the only one that would support the Canadian mining industry and promote the exploration of Canada’s mineral resources. This in turn creates jobs, growth and long-term prosperity across the country,” concluded McLeod.